Mond
JUL 23 18 SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Econ
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
TODAY US ECON DEBACLE:
How Tesla and US Treasury
bondholders felt this morning...
The fun
and games started last night when The Bank of Japan decided to offer an
unlimited bid for 10Y JGBs at 11bps (well
above their trading level) as a signal to the market. This was the first
open-ended bid since Feb...
JGB yields spiked over 5bps on the
news.
See Chart:
This rippled through Europe, with Bunds extending their
yield spike to one-month highs...
See Chart ECB : 10 Y Bond Yield
And 10Y US Treasuries spiked - extending Friday's surge - to
the highest in 5 weeks - to the level before The Fed
hiked rates...
See Chart:
This is
the biggest 2-day spike in 10Y Yields since Feb 6th (when the XIV collapsed
sparked all sorts of chaos in the RP funds).
The huge spike in yields has, rather coincidentally, recoupled bonds and stocks in the US markets...
See Chart:
The Dow trod water all day long
(ending lower), Trannies outperformed...
See chart
FANG dip-buyers were back... See Chart
Tesla Stocks and Bonds were ugly..
See Chart:
"Most Shorted" stocks
dumped at the open and were squeezed higher into the European close..
See Chart:
The spike in Treasury yields broke the 21-day-streak of closes 10Y closes
with a 2.8x% handle...
See Chart:
And the yield curve steepened
dramatically...in Japan, Germany, and US.
See Chart:
The Dollar rebounded intraday to a
modest gain (retracing around Fib38.2% of the Trump drop)...
Commodities were all lower on the
day...
See Chart :
With oil traders entirely ignoring
the rising rhetoric between Trump and Iran...
See Chart:
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A los
billonarios les fue bien.. y que paso con los de abajo?.. de mal en peor
The real problem plaguing
public pension funds nationwide has gone largely ignored
See Chart:
Today, promises to active workers
and pensioners have jumped to $217 billion – a growth of 176 percent in
just 13 years. That increase in total obligations is four times greater
than the growth in the state’s GDP, up only 41 percent.
Read
Growth in total
pension promises across the states
Some states have experienced far
higher growth in pension promises, and far more fiscal strain, than others
See Chart:
Pensions vs.
economies
A vast majority of states have
experienced unsustainable pension benefit growth compared to their economies.
See Chart:
In 28
states, accrued liabilities outgrew their economies by 50 percent or more
between 2003 and 2016.
And 12 states were totally overwhelmed by increases in their
accrued liabilities. The total growth was more than double that of their economies.
Again, it was New Jersey, New Hampshire, Illinois,
Connecticut and Kentucky which were the most out-of-control.
Unsurprisingly,
these states are also home to some of the nation’s worst pension crises.
In 2016, New Jersey had the nation’s 2nd-worst credit rating
and the worst-funded pensions in the nation – only 31 percent funded. Kentucky
was right behind with a funded ratio of 31.4 percent. And
Illinois followed closely with a funded ratio of just 36 percent and the lowest
credit rating in the nation, just one notch above junk.
See Chart:
See more Charts at:
…
SOURCE: https://www.zerohedge.com/news/2018-07-23/over-promising-has-crippled-public-pensions-50-state-study
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US
DOMESTIC POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
"This is nothing less than an outrageous attack on public health and
states’ rights."
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"They've politicized, and in some cases,
monetized their public service and security
clearances"
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"In 2015, when UC
Berkeley’s 10-year contract with Bank of the West was announced, it
was predicted that thecampus would make
$17 million from this partnership."
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US-WW ISSUES (Geo Econ, Geo Pol
& global Wars)
Global depression is on…China, RU, Iran search for State
socialis+K- compet. D rest in limbo
...future historians may well identifyPutin’s
landmark March 1 speech as the ultimate game-changer in the 21st century
New Great Game in Eurasia.
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"We await the fabled 'moment of truth'
when the avenging angel of price discovery returns and shatters the
illusion that accounting fraud equals prosperity..."
READ THIS
“Listen to me. Be patient,” Mr. Putin repeated
dolefully, like a second-grade teacher struggling with an ADD kid.
The interview was
trying my Christian patience, too. And my own personal fantasy was that Mr.
Putin would whip out 30 inches of rebar and whap Chris Wallace upside the head
with it. But he only repeated, “Be patient….”
SO,
LISTEN TO ME: RUSSIA DID NOT “ATTACK” US. Trolling on
Facebook is not an attack on the nation. The allegation that Russia “hacked”
Hillary’s email and the DNC server is so far without evidence, and
computer forensics strongly suggests that the information was transferred onto
a flash-drive on its journey to Wikileaks. And, of course, the information
itself, concerning embarrassing unethical hijinks among Democratic Party
officials, was genuine and truthful - they “meddled” in their own primary
elections.
The
financial markets are the pillars of the fantasy that the US economy is roaring
triumphantly. The markets are so fundamentally disabled by ten years of
central bank interventions that they don’t express the actual value of any
asset, whether stocks, or bonds, or gold, oil, labor, currencies, or the
folly known as crypto-currency. We await the fabled “moment of truth” when the avenging angel of price
discovery returns and shatters the illusion that
accounting fraud equals prosperity.
The revelation that
Mr. Trump is not an economic genius will spur a deeper dive by chimerical
Democrats into nanny state quicksand. They will make the new fad of a Guaranteed Basic Income the centerpiece of the midterm
election — even though many
Democrats will not really believe in it. They are
pretending not to notice how broke the USA actually is, and how spavined by
unpayable debt. The lurking suspicion of all this is
surely behind fantasies such as Russia attacked us, the displacement of
abstruse and impalpable fear onto something simple and cartoonish, like the
President of the United States.
,,,
SOURCE: https://www.zerohedge.com/news/2018-07-23/moment-truth-looms-avenging-angel-price-discovery-returns
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Netanyahu
to Russian FM Lavrov: we'll maintain freedom of operation against Iranian
entrenchment in all of Syria and will see Assad responsible for any Iranian
aggression.
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"One corner has been completely
dismantled
and the parts can be seen lying on the ground"
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Following
Monday's State Council meeting which appeared to signal China entering a new easing phase,
PBOC has decided to skip liquidity operations tonight andlower the Yuan Fix to a one-year low - bonds
and FX are not happy. See Chart
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SPUTNIK and RT SHOWS
US inside GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
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RT SHOWS
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NOTICIAS IN SPANISH
Lat Am NEW FOCUS: alternat to neo-fascist regimes, breaks to
HR, Peace & support to US-terrorism
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-El derech a insurg
solo se justfi contra golpes de Est. No cont G.elect
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
Here’s The Real Reason the US Must Talk to RU By Pepe Escobar Continue
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As The Media Focuses On Russia, Government’s
Own Data Shows US Interfered In 81 Elections
By Claire Bernish Continue
By Claire Bernish Continue
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British Assassination Campaign Targeting
Russian Exiles? By F
Cunningham
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Jewels of Reality from Our Foreign-
Superpower By Rand Clifford Continue
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Trump Threatens Iran By Press TV
Continue
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More Lies From The
Corrupt Elite By Paul Craig Roberts Continue
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
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DEMOCRACY NOW
Focus on Trump policies & the Econ & Pol crisis he
creates
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PRESS TV
Resume of Global News described by Iranian observers..
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